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MoEF defers decision regarding Rajgammar UG coal block

MoEF defers decision regarding Rajgammar UG coal block

The environment ministry has deferred a decision on granting clearance to underground coal mining project of Monnet Ispat & Energy Ltd in the state of Chhattisgarh. The said company is seeking environment clearance for Rajgammar underground coal mine project located in Korba district of Chhattisgarh.

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Transparent moves

Transparent moves

In a bid to try and get to the root cause of the delays that were stalling the implementation of projects in the country, the Project Monitoring Group (PMG) under its Chairman Anil Swarup has initiated a process to digitise the whole procedure through which clearances happen. "Our job at the PMG will get reduced as then we will know why the delays are happening and the clogging will not happen.

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GVK to exit Punjab power plant

GVK to exit Punjab power plant

GVK Power & Infrastructure is planning to sell its under construction 540 MW Goindwal Sahib power plant in Punjab to NTPC. The project expected to be commissioned in the first quarter of 2014-15, has a 25 year power purchase agreement with the Punjab State Power Commission.

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Bailout or sell-out

Bailout or sell-out

The dance of democracy will unfold soon, as the poll dates have been announced. While the political fraternity gets down to the poll mathematics, the entire nation awaits the results with a hope of a stable government that can push growth volumes.

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Panel to review on coal linkages

Panel to review on coal linkages

An inter-ministerial panel will meet on 19 February to review the status of existing coal supply arrangements to the power and other sectors. The Cabinet Committee on Investment had earlier said timelines for signing fuel supply pacts for power projects of 78,000 MW capacity should be met.

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Healthy berths

Healthy berths

Major ports in India are endeavouring towards implementing the Environmental Management System so as to streamline their policies to enhance its overall development. Today, a majority of private players enable seamless movement of cargo from ports to and from CFSs to various first and last mile destinations within the country.

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We expect a positive trend in mining

We expect a positive trend in mining

Sadbhav has performed exceptionally well in mining sector and performed beyond its set targets so far. We are positively expecting this trend to continue in coming years. I see tremendous potential in the segment

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Relax ECB norms for infra NBFCs

Relax ECB norms for infra NBFCs

2013 has been a bad year for infrastructure sector. Certain sectors like roads & highways have been hit hard in particular. Though power sector has been growing, it must be kept in mind that while coal continues to account for almost 60 per cent of power production in India

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Vasan launches inland cargo shipping at Kolkatta

Vasan launches inland cargo shipping at Kolkatta

Union Shipping Minister GK Vasan launched the bulk movement of coal through the national waterways recently. The shipment included the 2,100 DWT coal barges of Jindal ITF Ltd on the Ganga-Bhagirathi-Hooghly River System - National Waterways -1.